Susquehanna International Group LLP Grows Position in HFF, Inc. (HF)
Susquehanna International Group LLP increased its position in shares of HFF, Inc. (NYSE:HF) by 38.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,302 shares of the financial services provider’s stock after purchasing an additional 18,996 shares during the quarter. Susquehanna International Group LLP owned 0.18% of HFF worth $2,374,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in HF. Advisor Group Inc. lifted its holdings in HFF by 16.7% in the second quarter. Advisor Group Inc. now owns 3,040 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 434 shares during the period. Pinebridge Investments L.P. lifted its holdings in HFF by 1.9% in the second quarter. Pinebridge Investments L.P. now owns 4,675 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 87 shares during the period. Profund Advisors LLC acquired a new position in HFF in the second quarter valued at approximately $214,000. Capstone Asset Management Co. acquired a new position in HFF in the second quarter valued at approximately $216,000. Finally, State of Alaska Department of Revenue lifted its holdings in HFF by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 6,981 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 3,101 shares during the period. 87.11% of the stock is owned by hedge funds and other institutional investors.
In other news, President Joe Thornton, Jr. sold 36,432 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $37.19, for a total value of $1,354,906.08. Following the completion of the sale, the president now directly owns 525,090 shares of the company’s stock, valued at approximately $19,528,097.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Gibson sold 37,331 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $37.19, for a total value of $1,388,339.89. Following the completion of the sale, the chief executive officer now directly owns 518,956 shares of the company’s stock, valued at $19,299,973.64. The disclosure for this sale can be found here. Insiders sold a total of 245,064 shares of company stock valued at $9,280,216 over the last three months. Insiders own 5.70% of the company’s stock.
Shares of HFF, Inc. (NYSE:HF) traded up 0.70% on Wednesday, reaching $41.68. The company’s stock had a trading volume of 17,270 shares. The stock has a 50-day moving average price of $38.35 and a 200-day moving average price of $33.91. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 18.86 and a beta of 1.18. HFF, Inc. has a 1-year low of $24.84 and a 1-year high of $41.85.
HFF (NYSE:HF) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. HFF had a return on equity of 40.20% and a net margin of 15.51%. The company had revenue of $137.36 million for the quarter, compared to the consensus estimate of $127.81 million. On average, equities research analysts forecast that HFF, Inc. will post $2.29 EPS for the current year.
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A number of research analysts have issued reports on the company. Zacks Investment Research downgraded HFF from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub raised HFF from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, ValuEngine raised HFF from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. HFF presently has an average rating of “Hold” and a consensus price target of $34.50.
HFF, Inc is a holding company. The Company holds the partnership interests in Holliday Fenoglio Fowler, L.P. and HFF Securities L.P. (together, the Operating Partnerships), held through the subsidiary HFF Partnership Holdings, LLC, and all of the outstanding shares of Holliday GP Corp. (Holliday GP).
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